Course teacher(s)
Gilles GEVERS (Coordinator) and Laurent GHEERAERTECTS credits
5
Language(s) of instruction
french
Course content
- the legal and normative framework of accounting in Belgium
- the key principles of accounting
- the content and presentation of the annual accounts of a company in Belgium
- Belgian accounting practice and the different accounting books
- the general tax principles applicable in Belgium
- the main sections of the balance sheet and income statement
- end-of-year work
- the cash flow statement (“Cash-Flow Statement”)
- associations and foundations
- the main items on the balance sheet of companies by sector of activity (comparative study)
Objectives (and/or specific learning outcomes)
- Understand in detail and be able to read the financial statements of companies in Belgium
- Be able to record financial transactions in the accounting books
- Understand the administrative / operational structure of a commercial company, an association and a foundation
- Understand the legal and normative framework of accounting in Belgium
- Understand the impact of direct or indirect taxation on accounting income, tax income and cash flow
- Understand the difference between accounting results, tax results and “cash flow”
Prerequisites and Corequisites
Required and Corequired knowledge and skills
Basic knowledge of mathematics
Required and corequired courses
Courses requiring this course
Teaching methods and learning activities
- Theoretical course
- Guidance / Directed exercises.
References, bibliography, and recommended reading
- Code des sociétés et des associations de 2019 (CSA)
- Commission des normes comptables (CNC) - https://www.cnc-cbn.be/fr
- Khrouz, Faska, Comptabilité et gestion: comptabilité générale, analyse financière, consolidation des comptes, 7e édition, Bruxelles: Presses universitaires de Bruxelles, ISBN 978-2-9601134-1-9, 512 pages (2018)
Course notes
- Université virtuelle
Contribution to the teaching profile
1. Disciplinary knowledge and applications
1.1 Apply fundamental concepts, tools and models in economics and management to formulate a well-defined problem and propose a multidisciplinary solution adapted to the economic context
1.2 Integrate sustainable development into the analysis
2. Academic logic
2.1 Adopt a scientific approach to data collection, research and analysis and communicate the results with clear, structured and advanced arguments
2.2 Demonstrate critical thinking, logical and abstract reasoning and develop an independent approach to learning
3. Professional skills
3.1 Work and communicate effectively within a team in an international and multicultural environment
3.2 Recognize ethical dilemmas and contribute to their resolution
Other information
Evaluation
Method(s) of evaluation
- written examination
written examination
- Open question with short answer
- Open question with developed answer
- Closed question with Multiple Answers (MAQ)
The exam includes a theoretical part and an exercise part. No personal notes are allowed.
Note construction
The teaching unit is credited if the mark reaches 10/20 in total. Only the overall score counts.
Session report: From the first to the second session, a student automatically benefits from the report of the mark, if it is at least equal to 10/20 [no administrative procedure is necessary]. Scores lower than 10/20 are automatically canceled. The student who has obtained a grade report and who decides to retake the corresponding exam in a subsequent session implicitly renounces his old grade and only the new grade obtained will be taken into consideration, even if it is lower than that obtained previously.
Mark calculation method (including weighting of intermediary marks)
N/A
Language(s) of evaluation
- french